The number of active job postings is up compared to the previous month, indicating steady hiring growth this spring.
Figures show that in March, there were 848,004 new job ads, which is a 4.2% rise from the month before.
The latest Recruitment & Employment Confederation (REC) and Lightcast Labour Market Tracker shows that although these levels are slightly below last year’s, it’s unlikely there will be further declines.
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Neil Carberry, REC Chief Executive, said, “Over the past few weeks, we are starting to see some signs of firms gearing up for growth. The first indication of this in the labour market is this rise in job adverts.
“It will take time for this to feed through to higher placement levels, especially as recruiters report longer decision-making processes from hiring businesses right now.
“And we shouldn’t get carried away, as activity is still well below last year’s levels at this point, but further declines in labour market activity now seem less likely, especially as inflation and pay awards are normalising.”
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